GBPUSD
It’s been a great Month shorting the pair GBPUSD. Weekly Hieken Ashi is full bearish tho Priceline is currently slowly approaching a minor support in the weekly time frame 1.29543 which is also in close confluence with our 38.20% Fib zone. TDI in a week shows Priceline below bloodline meaning price is moving bearish. We could be heading towards TDI solid 50.
Daily Timeframe Potential Take Profit has already been achieved 1.29717 . Current price in a day is at our Daily Pivot 1.29751.
TDI Priceline just went below Solid 50 in a daily Timeframe and could be heading to volatility band.
Observe how price is wicking off the weekly support line in 4 Hour time frame.
We are waiting for Priceline to close below bloodline in the hour 4 time frame to confirm more sells. A pullback is very possible..
Overall Bearish sentiment in Markets .
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Waiting on current 4hour to confirm Daily structure
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Bearish Divergence in 1hr.. Patience